Ownership

ESPN's Adam Schefter is reporting New York Jets quarterback Bryce Petty (knee) is suffering from a Grade 1 MCL sprain and should be ready for the start of the regular season.

Fantasy Impact

Schefter is adding that Petty could be ready to play in Thursday's preseason finale. However, I'm not sure I'm risking it if I'm the Jets. Petty is proving to be New York's most reliable signal caller entering 2017 and barring a setback, he is primed to step into the starting job sooner rather than later. Josh McCown will start for the Jets in Week 1.

New York Jets beat writer Rich Cimini is reporting quarterback Bryce Petty (knee) suffered a "potentially serious" knee injury Saturday night against the New York Giants.

Fantasy Impact

Petty had his knee rolled on by offensive lineman Ben Braden Saturday night against the Giants. He couldn't put any pressure on it once he returned to the sideline, per Cimini. Following the game, Petty told the press that his knee is "not stable," which doesn't bode well for his injury outlook moving forward. Petty will undergo an MRI Sunday to determine the ultimate severity of his knee injury.

Petty also said that he will participate in next week's OTAs now that his shoulder is fully recovered. The 25-year-old signal caller will compete with Christian Hackenberg for the remainder of the offseason to see who will emerge as New York's No. 2 quarterback behind Josh McCown, the presumed starter for the upcoming season. Unless Petty starts, he will garner zero fantasy value for 2017.

The New York Jets placed quarterback Bryce Petty (shoulder) on the injured reserve list Monday with a torn labrum, ending his season.

Fantasy Impact

Petty suffered a torn labrum in Saturday's loss to the Patriots and was placed on IR Monday as a result. Although the Jets have yet to announce their Week 17 starter, it will likely be Ryan Fitzpatrick for Sunday's season finale against the Bills.

Bryce Petty was 0-for-3 on passing attempts with an interception in Week 16 against the Patriots before being knocked out of the game with a shoulder injury. He was replaced by Ryan Fitzpatrick.

Fantasy Impact

No reasonable fantasy owner was relying on Petty at this point, but his injury ruined any chance of decent production from Robby Anderson. Assuming Petty misses Week 17 against the Bills, Anderson should be left on fantasy benches.